Squarespace 300m azevedotechcrunch
This latest funding round was led by Index Ventures, with participation from Accel and GV (formerly Google Ventures). This brings Squarespace’s total raised to just over $1.7 billion.
With this new influx of cash, the company is now valued at $10 billion. This is a significant increase from its last valuation of $5.9 billion, just two years ago in 2017.
This latest round of funding comes just two months after Squarespace filed confidentially to go public. The company is considering using either a direct listing or an IPO but has yet to make a final decision.
With this new funding, Squarespace appears to be in a solid position to move forward with its plans to go public. The company has now raised a total of $1.7 billion and is valued at $10 billion. This is a significant increase from its last valuation of $5.9 billion, just two years ago in 2017.
Squares pace’s CEO and founder, Anthony Casalena, said in a statement that the new funding would help the company continue to invest in its product and platform.
“Since our inception, Squarespace has empowered millions of people to turn their creative ideas into reality,” he said. “This new financing will enable us to continue investing in our product and platform, so we can help more people with their dreams of starting a business, sharing their passions, or simply communicating their ideas to the world.”
The company’s CFO, John Collins, added that the new funding would help Squarespace expand its global reach.
“This new financing will enable us to invest further in our international expansion and growth initiatives, so we can continue bringing Squarespace to more people around the world,” he said.
Squarespace was founded in 2003 and is headquartered in New York City. The company has over 800 employees and is backed by a number of high-profile investors, including Tiger Global Management, General Atlantic, Accel, and GV (formerly Google Ventures).